May / June 2020 Marketing Exploring Whats Possible
COVID-19 A PAC H E R ES PO NS E GLOBAL Prioritizing Health & Safety Of Employees And Communities In Which We Operate Acted quickly to close offices throughout organization Procured a pandemic / infectious disease response helicopter…
ESG Investing in Our People, Community and Environment Recent ESG Initiatives Linked 2020 ESG performance directly to short-term incentive compensation Initiated alignment of disclosures with Sustainability Accounting Standards Board…
Positioning To Withstand Volatility Disciplined Leveraging Strong Liquidity Financial Diversified Profile Approach Portfolio Managing towards Cash Flow International assets generating more Manageable bond maturities over next…
Decisive Actions Taken Managing To Cash Flow Neutrality & Preserving Liquidity Reduced 2020 upstream capital investment to approximately 1.1 BN(1,2) ( 55% from 2019) Decreased annual dividend payout by 340 MM ( 90%) Implemented…
Apaches Diversified Portfolio Managing Through Near-Term Volatility United States North Sea Egypt Eliminating all drilling & completion Reduced to essential personnel and Field operations unaffected thus far by activity (final rig…
Success in Block 58 Offshore Suriname Announced significant oil discovery at Sapakara West-1 on April 2nd Campanian / Santonian at least 79 meters (259 feet) of net oil/gas condensate pay Maka Discovery Encountered a distinct fan…
Guyana Basin Stratigraphic Column 9
Permian Basin Over 2.9MM gross acres (1.8MM net acres) at year-end 2019 Key Focus Areas Eliminating all drilling & completion activity Central Basin Platform Managing LOE, with safety remaining a top priority Optimizing cash flow…
North Sea: High Margins, High Returns, Free Cash Flow Apache North Sea Acreage Focused on sustaining cash flow generation capacity Realizing cost savings in all categories Attractive exploration opportunities in Beryl area:…
Egypt: Laying Foundation for Oil-Focused Initiatives Apache Egypt Acreage: 5.1 million acres Countrys largest oil producer and acreage holder Relatively insulated at lower oil prices due to PSC mechanics Years of inventory through…
1Q 2020 Operating Cash Margins International Assets Benefit From Premium Pricing & Product Mix Egypt North Sea United States 50 47 / Boe 45 40 38 / Boe 35 32 30 Per Boe 25 26 20 Per Boe 21 / Boe 15 / Boe 15 12 / Boe 12 10…
Appendix 15
Bond Maturity Profile Manageable Near-Term Maturities MM 1,600 Debt Summary Amount Outstanding (MM)(1) 8,217 1,400 Weighted Average Maturity (Years) 17 1,200 Weighted Average Coupon (%) 4.877% 1,000 800 600 400…
Ample Liquidity Runway Apache Credit Facility 5,000 4,000 800 millions 3,000 937 2,000 4,000 1,000 2,263 - Committed April 2021 2023 Availability Facility(1) LC Postings(2) Bond Maturities(1) 3.2 BN of availability…
Credit Facility Profile Substantial Revolver Capacity and Long Runway 4 Billion Revolving Credit Facility Apaches 4 BN committed credit facility for general corporate Facility Type Senior Unsecured purposes, matures March 2024…
Commodity Hedging Program Open Commodity Derivative Positions Substantial 2020 hedges centered around as of May 6, 2020 2Q/3Q to mitigate near-term risk of full crude oil storage Significant Midland/Cushing basis hedges for…
Egypt: Production Detail 4Q 2019 1Q 2020 Liquids Gas Liquids Gas (Bbls/d) (Mcf/d) Boe/d (Bbls/d) (Mcf/d) Boe/d Gross Production 187,166 677,819 300,136 185,408 655,410 294,643 Reported Production 79,907 275,811 125,875 74,095…
Upstream Capital Investment ( in Millions) 1Q20 Permian... 239 MidCon / Gulf Coast... 5 Gulf of Mexico. 17 United States... 261 Egypt (Apache's interest only). 99 North Sea 51 Other .... 31 Upstream Capital Investment…
Glossary of Referenced Terms Upstream Capital Investment: Includes exploration, development, gathering, processing, and transmission capital, capitalized overhead, and settled asset retirement obligations, and excludes capitalized…
Non GAAP Reconciliation Upstream Capital Investment Reconciliation of Costs Incurred to Upstream Capital Investment Management believes the presentation of upstream capital investments is useful for investors to assess Apache's…
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